Property Overview: 687 Machray Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1944, featuring 728 sqft of living space and a renovated basement. It sits on a 4,027 sqft lot and includes a detached garage. The home’s assessed value is notably strong for the Inkster-Faraday neighbourhood, ranking well above the local average.
Its primary appeal lies in being an efficient, no-fuss property in a mature community. It suits first-time buyers, downsizers, or investors seeking an affordable entry point into the Winnipeg market with a move-in-ready basement suite potential (subject to verification). The lot size, while modest for the street, is generous compared to many in the wider area, offering valuable outdoor space. A thoughtful perspective is that its smaller living area and efficient layout can mean lower utility costs and less maintenance, appealing to those seeking simplicity. The strong assessed value within the neighbourhood suggests it is viewed as a solid asset in its immediate context, even if it's more modest by city-wide standards.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 728 sqft, the living area is below average for similar homes on Machray Avenue and across Winnipeg. This indicates a compact, efficient layout.
2. What does the assessed value tell me about this property?
With an assessed value of $23,900, this home ranks in the top 20% for its neighbourhood (Inkster-Faraday), meaning it is considered above average in value for that specific area.
3. What is the potential based on recent sales?
The home sold in late 2023 for an estimated $25.5k–$28.5k. Reviewing the prior 2019 sale price range ($20.5k–$23.5k) can provide context on its market trajectory.
4. Is the lot a good size?
The 4,027 sqft lot is smaller than others on Machray Avenue but is larger than the average lot in the Inkster-Faraday neighbourhood, which is a positive for the area.
5. How can I get the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request them by email via the button on the property page; the service provides the accurate figures manually at no cost and without marketing spam.